A qualifying business means you created a business that meets the following conditions.

  • At the time you get a commitment from a designated organization:
    • Each applicant holds 10% or more of the voting rights attached to all shares of the corporation outstanding at that time (up to 5 people can apply as owners) AND
    • Applicants and the designated organization jointly hold more than 50% of the total voting rights attached to all shares of the corporation outstanding at that time
  • At the time you receive your permanent residence:
    • You provide active and ongoing management of this business from within Canada
    • An essential part of the operations of the business happens in Canada
    • This business is incorporated in Canada